Traveling to Hawaii is certainly not as easy as it used to be, but in a recent survey conducted by  the Hawaii Tourism Authority it was found that out of the 495 visitors that were surveyed 85% said their trip was excellent, and 94% said their trip either met or exceeded expectations. This is great to see, as it means that the number of tourists making the journey to Hawaii in 2021 should continue to rise.

While tourism numbers are not nearly what they were in 2019, the Pre-travel Testing Program allows anyone traveling to Hawaii to bypass the 10-day mandatory quarantine, which would make any vacation immensely more enjoyable. Out of the visitors that were surveyed, 79% said that their pre-travel testing experience went smoothly, and the protocols were clear. The remaining 21% reported various issues with pre-travel testing including difficulty finding a trusted testing partner, and not receiving their results within the specified window.

We will continue to look forward to a rise in tourism numbers as the local economy recovers from the COVID-19 pandemic. To look at the full report, follow this link.In an interview with The Maui News, the Chief Economist with the Department of Business, Economic Development and Tourism Eugene Tian stated that nearly 30% of the homes that were purchased in the better part of 2020 were purchased by out-of-state residents. Of those buyers 27.4% were from the mainland, and 1.4% were international. While this number seems high, out-of-state residents usually purchase nearly 50% of the available real estate on Maui.

The data is still being assembled for the demographic breakdown of these out-of-state buyers, as it is unclear whether most of those purchases were made by investors, or those seeking to move their principal residence to Hawaii now that most employees and business owners can work from home.

The three aspects of the current real estate market that appear to show no signs of slowing are low inventory levels, low interest rates on new mortgages and a climbing median sales price for both condos and single family homes. In December, the Realtors Association of Maui recorded the lowest inventory ever since they began keeping records in 2010. New construction is still very active on Maui, with several affordable housing projects as well as luxury condominium complexes set to be completed  between now and 2022.

To read the full interview The Maui News did with Eugene Tian click here.
Due to the spike in COVID-19 cases on Maui, Governor Ige gave Mayor Michael Victorino the authority to amend the current emergency rules. The new rules go into effect today. Here are the highlights.

- Retail occupancy is now limited to 30% to allow more room for social distancing.

- Bars and restaurants are now required to close at 10pm or earlier. Drive-throughs, non-liquor related takeout and room service are all exempt from this new rule.

In addition to pre-travel testing requirements for both inter-island and transpacific travelers, they are also now required to download either the AlohaSafe Alert app or another Google-Apple Exposure Notification System app. Travelers can also enable their exposure notification setting on their phone.

Face coverings must now be worn while walking to and from the beach or pool. They can only be removed once you are stationary and socially distanced from the people around you.

-Even if the venue is outdoors, a mask must be worn at gyms, yoga studios, and wellness centers.

While these rules mentioned  above are slightly different from rules that were already in place, it’s important to keep yourself informed on the latest developments coming out of the Mayor’s office.
 Smith Team Real Estate - 2 Generations of Satisfied Customers - (808) 572-0866
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Issue 941     March 16th, 2021


In this newsletter:
Market Update
Market Watch
Homes Over $1 Million
Homes Under $1 Million
Vacation Condo Over $1M
Vacation Condos Under $1M
Residential Condos 
Vacant Land 

Bank Owned 

New Properties (0)
Price Reductions

Short Sales
Homes (0)
Condos (0)
Land (0)
New Properties (0)
Price Reductions (0)

Stylish Beachfront
In Paia


33 Hana Hwy

$8.5M (FS)

Customer Listing Synopsis

Video/Virtual Tour

Market Update

Active inventory for single family homes on Maui continues to dwindle, even after a new all time low was recorded in February. As of right now, there are only 211 single family homes available for sale, which is a nearly 60% drop from this same time period in 2020. The median sales price for a single family home is still hovering around $895,000, which is much lower than the January record of $980,000 which was skewed slightly because of some multi-million dollar homes in Olowalu and Wailea closing in the same month. 

Condo inventory is much higher than single family homes, and as of right now is sitting at 447 units. That number does include both vacation rental and residential condos. The difference between 2020 and 2021 is definitely not as stark as with single family homes, with 489 active condo listings at this same time last year. 

There are many factors fueling buyer demand, and if these numbers are any indication then the inventory of single family homes and condos is likely to continue dropping dramatically in the coming weeks and months. When interest rates on new mortgages start to climb back up there will likely be a slowdown in buyer activity, but according to the chief economist at Freddie Mac, Sam Khater, that's probably not going to happen soon “While there are multiple temporary factors driving up rates, the underlying economic fundamentals point to rates remaining in the low 3 percent range for the year,”.

To read the full article on The Maui News, click here.

Mahalo Nui Loa,

Ken Smith R(S), Melissa Smith R(B), and Gregory P Smith R(B)

The Smith Team

P.S. Last week we wrote about Anuhea at Kehalani which is a beautiful new development being built in Wailuku. Phase 3 was just recently announced and will feature 5 single family floor plans from 1,529 - 1,998 sf. All floor plans will be 3 bed, 2 bath with a 2 car garage. To check out renderings of the floor plans, click here

The price list for all the homes being offered in Phase 3 was just released and can be found here. Phase 3 will be sold entirely by lottery, so be sure to reference the instructions and fill out the application!
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211 (165)
272 (110)
1105 (385)
447 (115)
423 (100)
1406 (306)
195 (78)
 108 (33)
255 (42)
853 (358)
803 (243)
2766 (733)
1. The numbers in parentheses reflect the number of listings over $1M
2. Sold listings are for the previous 12 months.
3. Change is the increase or decrease in number of active listings from the previous week.

January 2021
February 2021

Homes Over $1M

2 Hibiscus Pl
$1,095,000 (FS)
One of the few properties available in the highly sought after neighborhood of Kahana Ridge. Completely remodeled in 2017, this 2-story home has a desirable floor plan with the living space, open kitchen, and dining area on the ground floor, opening up to a covered patio and spacious grassy lawn, perfect for entertaining and watching stunning sunsets. 
25 Koi Koi Pl
$1.15M (FS)
Situated on a quiet and friendly cul-de-sac in the heart of Haiku, this immaculately kept two-story, 4 bed, 4 bath home is in prime condition and is completely move-in ready. The home has been lovingly cared for and is great for family life and for entertaining. Tucked back on its lot, you have a true sense of privacy yet everything you need is within walking distance.
192 Waipahe St
$1,199,000 (FS)
A secluded South Maui oasis only 2 blocks from the beach is being sold turn key. This wonderful single level home has 3 beds, 2 baths, a 2-car garage and an exceptional salt water pool and newly finished pool deck. Equally impressive is the private bamboo outdoor shower and the meticulously maintained fully fenced yard.
22 Laenani St
$1,475,000 (FS)
Tucked away among luxuriant gardens overflowing with exotic fruit, this charming home is close to everything you might need, but feels like its own world. Named Sans Souci (French for “no worries”) after a summer pleasure palace near Berlin, the property embodies an ideal of harmony between man and nature, in a landscape ordered by human touch.
1520 Halama St
$6.9M (FS)
This beachfront property offers incredible views of West Maui, Lanai, Kahoolawe and Molokini. From the backyard, you can step onto a quiet sandy beach, watch the whales & sea turtles as you paddle, kayak or snorkel. The Polynesian-style home with its large redwood beamed ceilings & broad overhangs lends itself to a peaceful, “old-world” Hawaiian feel with open-air living.

Homes Under $1M

210 Kanoa St
$595K (FS)
This 3 bed, 1.5 bath, single-story home sits on a 6,000 sf. lot. It has an outdoor room with the washing machine, a shower, and a half bath. The spacious backyard is perfect for gardening or for pets.
181 Kaualani Dr
$950K (FS)
This contemporary golf course home conveys an unmistakable look of quality and classic curb appeal. Enjoy beautiful ocean, Haleakala, West Maui mountain and golf course views from this all useable 10,000 sf. lot that backs up to the 12th fairway of the Pukalani Country Club golf course with room for a pool!
95 Hui Rd F Rd
$975K (FS)
This is your chance to own a home in Napili. This home is currently rented with a large 1 bed, 1 bath rental upstairs. The upstairs includes top of the line kitchen cabinets, a lanai and a large great room. The downstairs area is rented as a 2 bed, 1 bath unit.

Vacation Condos Over $1M

Wailea Ekahi #36E

Welcome to Wailea Ekahi 36E, a nicely maintained, large, 1 bed, 2 bath condo. This unit includes a large great room with a dining room area plus a Murphy bed and space for more.
Royal Mauian #205

This is a beautiful 2 bed, 2 bath oceanfront unit. Spectacular views of the ocean, Lanai and West Maui Mountains are yours as you admire the swimmers, snorkelers, surfers, windsurfers and kite surfers frolic in the warm ocean waters of Maui. This unit is being sold fully furnished and ready to place in a vacation rental program if the new owner so desires.
Makena Surf #B206

Enjoy breathtaking ocean, outer island, and sunset views from this completely and spectacularly renovated 2 bed, 2 bath Makena Surf unit! Watch the waves and the whales as you gaze over the white sands of Po'olenalena beach toward Kahoolawe, Molokini, and Lanai. 


Vacation Condos Under $1M

386658 (5)
Kihei Garden Estates #C108
$399K (FS)
A gorgeous 1 bed, 1 bath ground floor unit at Kihei Garden Estates in South Kihei. Updates include a nicely remodeled kitchen with maple cabinets and granite counter tops, tile flooring throughout, a glass block shower in the bathroom, and A/C in the living room. Enjoy the partial beach and ocean view from your lanai.
Kamaole Nalu #402

$695K (Leasehold)
This is a rare opportunity to own an outstanding, upper level, ocean view, 2 bed, 2 bath oceanfront unit at Kamaole Nalu located in South Kihei. This open floor plan has an updated kitchen with granite counter tops and newer cabinets, laminate flooring throughout, and an amazing tiled bathroom.
Maui Kamaole #J203

$849K (FS)
This wonderful 2 bed, 2 bath unit is an absolute delight. The unit was freshly painted in 2019, new carpet was installed in the living room and master bedroom in 2021, new flooring in the kitchen entry, stairway and second bedroom was also installed. A beautiful new kitchen renovation creates a seamless flow from one area to another. 
Mahana #718
$925K (FS)
Enjoy direct oceanfront living with uncompromising views of the ocean, the white sandy beach below, sounds of the gentle Pacific lapping the shore, and commanding views of Lanai and Molokai. Residence #718 in the Lanai (South) tower is an incredible location within the building with the desirable high floor level and in the preferential vertical stack where the expansive views are uninterrupted by palm trees.
Wailea Ekolu #1512
$979K (FS)
Enjoy panoramic ocean and sunset views from this 2nd floor unit in a highly-desirable location within Wailea's Ekolu complex. Enjoy vaulted ceilings in the main living area that open to the spacious lanai and master suite with its own lanai. Rich Acacia hard wood flooring and tile are featured throughout this well-maintained unit.


Residential Condos Over $1M

389493-2 (1)
Wailea Palms #2608
This totally remodeled 2 bed/2 bath upstairs unit is a must-see. Features include heated/lighted vanity mirrors, a custom backsplash, a tiled lanai and entryway, new light fixtures, lighted box fans, new stainless steel appliances and a custom double shower in the master bathroom and much more. The unit has not been lived in since remodel was completed.
Na Hale O Makena #F201
Perfectly situated just above the single story manager/concierge building, and facing due west, this 2nd story, 3 bed, 2.5 bath unit offers some ocean views along with the daily spectacle of the sunset and the tranquility of this Makena location. Live the Makena lifestyle, walk to the beach, golf, close to shopping and gourmet dining.

Residential Condos Under $1M

Puuone Towers and Plaza #203

$249K (FS)
Welcome home to your fabulous new abode with ocean and mountain views that will keep you mesmerized with all of Maui’s beauty. Graced with a professional remodel, this exquisite home offers freshly painted walls, new laminate flooring, a custom kitchen with butchers block counters, washer dryer, and a recently updated split AC system.
Iao Parkside #36-202

$439K (FS)
Unit 26-202 at Iao Parkside has 3 beds, 2 baths and is tucked away in a corner close to the Velma Santos Community Center park. It is an upstairs unit with a pleasant lanai accessible from the living area and the master bedroom, overlooking a spacious garden. 
Villas at Kehalani #2502

$939K (FS)
The Villas at Kehalani are private residential townhomes with ocean views located in the heart of Maui. This 3 bed, 2.5 bath unit has the perfect floor plan, with the master suite and 5 piece ensuite on the first level and 2 spacious rooms with a full bath upstairs. Bamboo, Travertine tile and upgraded carpet provide luxurious flooring. 
Vacant Land
2131 Aina Mahi'ai St
$895K (FS)
This property has a revised dwelling site that allows a building area greater than 62,000 sf. Ka'anapali Coffee Farms is a new and exclusive agricultural community. Located 300-500 feet above West Maui's world-famous Kaanapali Resort. Each lot offers panoramic sunset, island and ocean views second to none found on Maui.
The Smith Team
(808) 572-0866
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Coldwell Banker Island Properties
#B-35 3750 Wailea Alanui Drive
Wailea, Hawaii 96753

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